India: Hindalco, Balco cut aluminium ingot prices by INR 2,250/t ($26/t)

India’s primary producers reduced aluminium ingot (P1020, 99.7%) prices by INR 2,250/t ($26/t) compared to 2 Jul’25. Post-revision, Hindalco’s prices were at 258,500/t ($3,023/t), and Balco’s at INR 264,000/t ($3,088/t). All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on the LME stood at $2,597/t.